On June 30, 2020, Riverbed Company issued $3,340,000 face value of 14%, 20-year bonds at $3,842,540, a yield of 12%. Riverbed uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31.
Prepare the journal entries to record the following transactions:

The payment of interest and the amortization of the premium on June 30, 2020.
Interest Expense 257,939
Premium on Bonds Payable 2,061
Cash 260,000
Carrying Value = $4,300,920 - $1,945 = $4,298,975
Interest Expense = $4,298,975 x 12% x 6/12 months = $257,939
The payment of interest and the amortization of the premium on December 31, 2020.
Interest Expense 257.815
Premium on Bonds Payable 2,185
Cash260,000
Carrying Value = $4,298,975 - $2,061 = $4,296,914
Interest Expense = $4,296,914 x 12% x 6/12 months = $257,815

Afreelance​ singer-songwriter is planning the restoration of a recently purchased civil​ war-era farmhouse. while he professes an enjoyment​ of, and talent in the construction​ trades, the theory of comparative advantage implies that a. the value of what he imports​ (in this​ case, professional contractor​ services) must equal the value of what he exports​ (songs). b. he should concentrate on the restoration work since his​ out-of-pocket costs will be much lower than if he hires professionals. c. ​self-sufficiency is​ advantageous, hence he should split his time between music and construction. d. the income lost while away from music will likely exceed the savings realized by doing the work​ himself, thus, he should hire professionals to do the restoration work. e. he ought to do as much of the work himself as possible since imports​ (in this​ case, professional contractor​ services) should always be restricted to those things that cannot be done internall

Why should managers invest any excess cash

The state troopers in one state have a motto, “nine you’re fine; ten you’re mine,” which is the standard that they use for pulling over speeders on the state highways. in other words, if the posted speed limit is 55 mph, drivers can drive at a rate up to 64 mph without fear of getting a ticket. which of the following best describes the ethical culture in the state? a. the troopers are following a standard of positive law. b. the troopers are following a normative standard. c. the troopers are following a headline test. d. the troopers are following the blanchard/peale standard.